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Moss County Bank agrees to lend the Sandhill Co. $635000 on January 1. Sandhill Co. signs a $635000, 6%, 9-month note. What entry will Sandhill
Moss County Bank agrees to lend the Sandhill Co. $635000 on January 1. Sandhill Co. signs a $635000, 6%, 9-month note. What entry will Sandhill Co. make to pay off the note and interest at maturity assuming that interest has been accrued to September 30? Interest Expense Notes Payable Cash 28575 635000 663575 663575 Notes Payable Cash 663575 Notes Payable Interest Payable Cash 635000 28575 663575 Interest Payable Notes Payable Interest Expense Cash 19050 635000 9525 663575
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